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Ryder

R NYSE Cargo Ground Transportation Financials FY2016–FY2025

Ryder's revenue rose 0.2% to $12.7 billion in fiscal 2025. Its net margin was 3.9%, up from 3.9% a year earlier. Free cash flow was $459 million. It paid out $664 million in dividends and buybacks, 145% of free cash flow. The diluted share count fell 5.5%.

Last close · Oct 23, 2026

$270.90

2.0%
Value it Compare
Revenue Total sales reported in the income statement.
$12.7B
0.2% vs prior year
Operating margin Operating income as a share of revenue.
—
Net income Profit after all expenses, interest and tax.
$499M
2.0%
Free cash flow Cash from operations minus capital spending.
$459M
Return on capital After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
7.5%
0.0 pts
Market cap Last close times the latest diluted share count, so it is approximate.
$10.5B
Oct 23 close
P/E Last close divided by diluted earnings per share over the last four quarters.
20.7x
On $13.11 EPS (TTM)

About these figures. Ryder's debt comes from its balance-sheet lines: its 2020 filing tags the current part separately from its long-term debt.

What Ryder does

No business description yet.

Legal name
RYDER SYSTEM, INC.
Fiscal year ends
December 31, 2025
Latest annual report
—
Accession · CIK
0000085961-26-000007
0000085961

Revenue and margins

Ryder had $12.7B of revenue in fiscal 2025, up 0.2% on the year before.

Revenue
Revenue
Margins, % of revenue
Gross Operating Net FCF
Margins, % of revenue
Gross Operating Net FCF

Net income and earnings per share

From fiscal 2016 to 2025, diluted EPS grew 10.4% a year. Loss periods are shown in red.

Net income
Net income
Diluted EPS
Diluted EPS

Returns on capital

After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.

Return on capital, equity and assets (annual)
Return on capital Return on equity Return on assets

Cash flow

Free cash flow was $459M in fiscal 2025, 3.6% of revenue. Cash from operations minus capital spending.

Free cash flow
Free cash flow
Cash from operations vs capital spending
Cash from operations Capital spending
Cash from operations vs capital spending
Cash from operations Capital spending

Dividends, buybacks and share count

Ryder returned $664M to shareholders in fiscal 2025, 145% of free cash flow. The diluted share count fell 5.5%.

Dividends and buybacks
Dividends Buybacks
Dividends and buybacks
Dividends Buybacks
Diluted shares outstanding (annual)

Value Ryder yourself

Change the assumptions and see what they imply per share. These are models, not forecasts or price targets — the answer depends entirely on what you put in.

Discounted cash flow

Value per share

—

Adds net cash of −$7.4B and divides by 41.8M diluted shares. Ten years of cash flows plus a terminal value, discounted to today.

Earnings multiple

Value per share

—

Reference multiples: today 20.7x · peers 31.8x · sector 26.0x.

Balance sheet

Cash, debt and the ratios that show how comfortably Ryder can carry it.

Cash vs debt (incl. leases)
Cash Debt
Fiscal year endFY21FY22FY23FY24FY25
Cash and short-term investments $234M$267M$204M$154M$198M
Debt incl. finance leases $6.6B$6.4B$7.1B$7.8B$7.6B
Net debt / EBITDA 2.4x1.9x2.3x2.3x2.2x
Debt / equity 2.4x2.2x2.3x2.5x2.5x
Interest coverage 4.2x6.3x3.1x2.7x2.7x
Current ratio 0.8x0.7x0.6x0.8x0.9x
Quick ratio 0.8x0.6x0.6x0.8x0.9x
Total assets $13.8B$14.4B$15.8B$16.7B$16.4B
Total liabilities $11.0B$11.5B$12.7B$13.6B$13.3B
Shareholders' equity $2.8B$2.9B$3.1B$3.1B$3.1B
Net debt (− = net cash) $6.3B$6.1B$6.9B$7.6B$7.4B

Insider trades

Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. 'Plan' marks trades under a pre-arranged Rule 10b5-1 plan.

Bought, 12 months

$0.0M

0 insiders

Sold, 12 months

$36.7M

9 insiders

Of sales under plans

0%

$0.0M

DateInsiderTradeSharesPriceValueFiling
May 29, 2026 Robert D FatovicEVP, CLO & Corp. Secretary Sold 5,000 $249.85 $1.2M Form 4
May 28, 2026 Sanford J. HodesSVP, C Procur Of, Corp Dev Of Sold 595 $251.95 $0.1M Form 4
May 4, 2026 Luis P Nieto JrDirector Sold 720 $235.79 $0.2M Form 4
Feb 25, 2026 John J. DiezPresident and COO Sold 9,632 $222.20 $2.1M Form 4
Feb 24, 2026 Robert E SanchezChair and CEO, Director Sold 41,779 $223.30 $9.3M Form 4
Feb 20, 2026 Robert D FatovicEVP, CLO & Corp. Secretary Sold 11,640 $222.30 $2.6M Form 4
Feb 19, 2026 John S. SensingPresident, Global SCS & DTS Sold 30,110 $220.36 $6.6M Form 4
Feb 19, 2026 Rajeev RavindranEVP & CIO Sold 2,696 $221.61 $0.6M Form 4
Feb 18, 2026 Thomas M. HavensPresident, Global FMS Sold 12,571 $221.65 $2.8M Form 4
Feb 17, 2026 Robert D FatovicEVP, CLO & Corp. Secretary Sold 10,000 $217.13 $2.2M Form 4
Feb 17, 2026 Sanford J. HodesSVP, C Procur Of, Corp Dev Of Sold 10,527 $210.16 $2.2M Form 4
Feb 13, 2026 Smith E FollinDirector Sold 32,230 $207.61 $6.7M Form 4

Piotroski F-score

Nine pass/fail tests of profitability, funding and efficiency. 8–9 is strong, 0–2 weak.

TestFY23FY24FY25
Net income is positive ✓ ✓ ✓
Cash from operations is positive ✓ ✓ ✓
Return on assets rose ✕ ✓ ✕
Cash from operations exceeds net income ✓ ✓ ✓
Debt fell relative to assets ✕ ✕ ✓
Current ratio rose ✕ ✓ ✓
Share count didn't rise ✓ ✓ ✓
Gross margin rose — — —
Revenue rose relative to assets ✕ ✕ ✕
F-score 4 / 86 / 86 / 8
Accruals ratio −12.9%−11.0%−12.7%
Altman Z'' 0.600.861.08

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10 years of figures

US$ millions unless stated. Hover a ratio's name for its definition.

Download CSV
Fiscal yearFY16FY17FY18FY19FY20FY21FY22FY23FY24FY25
Income statement
Revenue $6.8B $7.3B $8.4B $8.9B $8.4B $9.7B $12.0B $11.8B $12.6B $12.7B
Gross profit $4.2B $4.3B — — — — — — — —
Interest expense $148M $142M $181M $241M $261M $214M $228M $296M $386M $404M
Pretax income $407M $296M $390M −$42.3M −$130M $693M $1.2B $618M $661M $685M
Income tax $142M −$424M $103M −$19.0M −$18.0M $171M $353M $212M $172M $184M
Net income $263M $720M $285M −$24.4M −$122M $519M $867M $406M $489M $499M
Diluted EPS $4.91 $13.53 $5.38 −$0.47 −$2.34 $9.66 $17.04 $8.73 $11.06 $11.94
Diluted shares 0.05B 0.05B 0.05B 0.05B 0.05B 0.05B 0.05B 0.05B 0.04B 0.04B
Cash flow
Cash from operations $1.6B $1.6B $1.7B $2.1B $2.2B $2.2B $2.3B $2.4B $2.3B $2.6B
Capital expenditure $1.9B $1.9B $3.1B $3.7B $1.1B $1.9B $2.6B $3.2B $2.7B $2.1B
Free cash flow −$304M −$232M −$1.3B −$1.6B $1.0B $234M −$321M −$881M −$418M $459M
Depreciation and amortization $1.2B $1.3B $1.4B $1.9B $2.0B $1.8B $1.8B $2.1B $2.2B $2.2B
Stock-based compensation $18.7M $19.0M $25.0M $25.8M $30.0M $47.0M $46.0M $44.0M $42.0M $39.0M
Acquisitions $0.0M $7.2M $167M $0.0M $0.0M $325M $458M $250M $314M $1.0M
Share buybacks $37.3M $78.3M $30.8M $27.7M $29.0M $57.0M $557M $337M $321M $519M
Dividends paid $91.0M $95.8M $112M $117M $119M $122M $123M $128M $135M $145M
Dividends and buybacks $128M $174M $143M $144M $148M $179M $680M $465M $456M $664M
Balance sheet
Cash and short-term investments $58.8M $78.3M $68.1M $73.6M $151M $234M $267M $204M $154M $198M
Total debt $5.4B $5.4B $6.6B $7.9B $6.6B $6.6B $6.4B $7.1B $7.8B $7.6B
Finance lease liabilities $0.0M $0.0M $47.5M $51.7M $48.4M $44.6M $42.0M $49.0M $76.0M $113M
Current assets $1.1B $1.3B $1.6B $1.6B $1.6B $2.5B $2.2B $2.3B $2.5B $2.5B
Current liabilities $1.7B $2.0B $2.5B $2.6B $2.1B $3.2B $3.3B $3.6B $3.3B $2.8B
Inventory $69.5M $73.5M $79.2M $80.8M $61.2M $69.0M $78.0M $0.0M $0.0M $0.0M
Property and equipment, net $746M $777M $862M $918M $927M $985M $1.1B $1.2B $1.2B $1.3B
Total assets $10.9B $11.7B $13.3B $14.5B $12.9B $13.8B $14.4B $15.8B $16.7B $16.4B
Total liabilities $8.9B $8.6B $10.8B $12.0B $10.7B $11.0B $11.5B $12.7B $13.6B $13.3B
Shareholders' equity $2.1B $2.5B $2.5B $2.5B $2.3B $2.8B $2.9B $3.1B $3.1B $3.1B
Margins
Gross margin 61.9% 59.2% — — — — — — — —
EBITDA margin 25.9% 23.4% 23.4% 23.4% 25.7% 28.0% 26.6% 25.5% 25.9% 26.3%
Net margin 3.9% 9.9% 3.4% −0.3% −1.5% 5.4% 7.2% 3.5% 3.9% 3.9%
FCF margin −4.5% −3.2% −15.8% −17.9% 12.3% 2.4% −2.7% −7.5% −3.3% 3.6%
Returns
Return on capital 4.9% 5.8% 5.0% 1.6% 1.1% 7.7% 11.3% 6.3% 7.5% 7.5%
Return on capital employed 6.0% 4.6% 5.6% 1.8% 1.2% 8.4% 13.3% 7.9% 8.2% 8.1%
Return on equity 13.0% 31.9% 11.4% −1.0% −5.2% 20.5% 30.2% 13.5% 15.8% 16.2%
Return on assets 2.4% 6.4% 2.3% −0.2% −0.9% 3.9% 6.1% 2.7% 3.0% 3.0%
Growth
Revenue growth 2.8% 7.7% 15.6% 6.1% −5.7% 14.8% 24.3% −1.9% 7.2% 0.2%
Net income growth −13.7% 173.6% −60.5% −108.6% — — 67.1% −53.2% 20.4% 2.0%
EPS growth −14.0% 175.6% −60.2% −108.7% — — 76.4% −48.8% 26.7% 8.0%
FCF growth — — — — — −77.4% −237.2% — — —
Share count change 0.2% −0.7% −0.6% −0.7% 0.0% 2.2% −4.9% −8.6% −4.9% −5.5%
Financial health
Net debt / EBITDA 3.1x 3.1x 3.4x 3.8x 3.0x 2.4x 1.9x 2.3x 2.3x 2.2x
Debt / equity 2.6x 2.2x 2.6x 3.2x 2.9x 2.4x 2.2x 2.3x 2.5x 2.5x
Interest coverage 3.8x 3.1x 3.2x 0.8x 0.5x 4.2x 6.3x 3.1x 2.7x 2.7x
Current ratio 0.6x 0.7x 0.6x 0.6x 0.8x 0.8x 0.7x 0.6x 0.8x 0.9x
Quick ratio 0.6x 0.6x 0.6x 0.6x 0.8x 0.8x 0.6x 0.6x 0.8x 0.9x
Capital allocation
Capex / revenue 28.2% 25.6% 36.3% 41.9% 13.6% 20.1% 21.9% 27.5% 21.2% 16.9%
Stock comp / revenue 0.3% 0.3% 0.3% 0.3% 0.4% 0.5% 0.4% 0.4% 0.3% 0.3%
Payouts / FCF — — — — 14.3% 76.5% — — — 144.7%
Quality scores
Piotroski F-score 4.0 8.0 5.0 3.0 4.0 5.0 7.0 4.0 6.0 6.0
Altman Z'' 0.8 0.9 0.6 0.3 0.5 0.9 1.0 0.6 0.9 1.1
Accruals ratio −12.2% −8.0% −11.4% −15.6% −16.8% −12.4% −10.2% −12.9% −11.0% −12.7%

Source: SEC EDGAR XBRL filings (CIK 0000085961). Data updated October 22, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only — not investment advice. Check the original filings before relying on any figure.

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